| ▲ | Thief of $90M in seized U.S.-controlled crypto is gov't contractor's son(web3isgoinggreat.com) |
| 281 points by pavel_lishin 8 hours ago | 56 comments |
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| ▲ | shrubble 7 hours ago | parent | next [-] |
| So much of the government is like this, they will hire some connected guy to manage something in a slightly competent manner. Just learned that the federal government has long term leases on office buildings that congressmen have a financial interest in. More disappointment. |
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| ▲ | aryan14 7 hours ago | parent | prev | next [-] |
| And he has been and continues to make fun of the investigators, publicly mocking investigators and sending small amounts from the fraudulent wallets to investigators. Crazy world |
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| ▲ | duxup 5 hours ago | parent | next [-] | | If he "invests" some of his funds ... could get a pardon. | | |
| ▲ | inlined 4 hours ago | parent | next [-] | | Tbf, accepting a pardon is legally admitting guilt per SCOTUS and disgorgement would allow the funds to be sized | | |
| ▲ | trhway 2 hours ago | parent | next [-] | | Dr. Fauchi pardon comes to mind. I doubt that his accepting of pardon was an admission of guilt. He wasn't even charged, so how can he admit the guilt? And i think that similar preemptive pardon here, without charge and thus any guilt admission, wouldn't allow the fund seizure. | | |
| ▲ | SV_BubbleTime an hour ago | parent [-] | | It was though. It wasn’t a conditional “everyone but Facui because some people liked him” thing. He lied under oath about his knowledge of gain of function at the Wuhan lab. He is guilty of at least that. |
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| ▲ | avaer 4 hours ago | parent | prev | next [-] | | In theory. Do you really think that would happen in the current ecosystem? | |
| ▲ | duxup 4 hours ago | parent | prev [-] | | Even "better", Trump can extort more ... |
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| ▲ | knowitnone3 5 hours ago | parent | prev [-] | | with that dirtbag, anybody can get a pardon - even illegal immigrants and all they need is a dollar |
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| ▲ | laughing_man an hour ago | parent | prev | next [-] | | The one thing the government will not tolerate is embarrassment. There's no way he avoids a long prison sentence. | |
| ▲ | grugagag 7 hours ago | parent | prev [-] | | He’s reaping what he saw. Things aren’t looking good for him nor his father, a lesson both of them will painfully learn from. Father career is possibly over. | | |
| ▲ | lostlogin 7 hours ago | parent | next [-] | | > Things aren’t looking good for him nor his father, a lesson both of them will painfully learn from You’re a hell of an optimist. I’d say that it’s just as likely that the pardon sharpie is being readied, just as soon as the super PAC donation clears. | | | |
| ▲ | londons_explore 6 hours ago | parent | prev | next [-] | | > Father career is possibly over. Plenty of people would happily flush their career down the drain to run away with their family and $90M | | |
| ▲ | tartoran 5 hours ago | parent [-] | | I guess so but what about when you get caught and get nothing? | | |
| ▲ | knowitnone3 4 hours ago | parent [-] | | if you get caught. just saw a video on a couple who stole a Brinks armor car; disappeared into Europe with new identities; never caught until female turned herself in. Not everybody gets caught. | | |
| ▲ | lupire 4 hours ago | parent [-] | | Is that same or different from the gang who robbed an armored car for about $100M worth of goods, and ICE stopped the prosecution and deported one of the robbers, before the stolen goods were recovered? | | |
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| ▲ | bayarearefugee 5 hours ago | parent | prev | next [-] | | https://en.wikipedia.org/wiki/List_of_people_granted_executi... Pretty sure they'll both be fine as long as they still have access to that money. | |
| ▲ | jongjong 4 hours ago | parent | prev | next [-] | | He and his son should be in jail. This is criminal; whether it's theft or criminal negligence. | |
| ▲ | paulpauper 6 hours ago | parent | prev [-] | | the feds haven't even acknowledged there was a theft. it's possible they still don't know or somehow don't have the evidence to bring charges | | |
| ▲ | caminante 6 hours ago | parent | next [-] | | Or this is a false accusation. I don't have the knowledge to sanity check the claims, but I would've figured someone would be getting rolled by now. I recall that the dad was scrubbing socials along with the son, but that could be token harassment. | | |
| ▲ | big_youth 5 hours ago | parent [-] | | They did something, how else could the son flex watches worth 6 figures. | | |
| ▲ | caminante 3 hours ago | parent [-] | | Likely? Yes. Watches? You can also be right. Though, I don't think you need $90 million to spend <$1 million on a watch to splurge. |
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| ▲ | wmf 5 hours ago | parent | prev [-] | | The feds won't say anything until after they arrest the father and son. Obviously there is an investigation going on but it takes more than a few days. |
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| ▲ | caycep 5 hours ago | parent | prev | next [-] |
| Molly White really is quite thorough |
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| ▲ | MisterTea 7 hours ago | parent | prev | next [-] |
| A bit lost here. Is there more backstory to this? It reads as if the government contractors son stole the 90 million from the government? |
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| ▲ | alistairSH 6 hours ago | parent | next [-] | | Correct. US Marshalls have a contract with this guy’s dad to mange their crypto holdings (seized as part of investigations). Kid steals money but can’t resist showing off to friends and gets “busted”. Except the government still doesn’t appear to acknowledge a theft even occurred and the kid taunts investigators by sending them small amounts of ETH. | | |
| ▲ | knowitnone3 4 hours ago | parent | next [-] | | just to let the kid know, I'm one of the investigators. I hate being taunted with any type of cryptocoin, cash of any denomination. I also hate gold and silver. I won't sleep until I catch you or $10 whichever comes first. | |
| ▲ | direwolf20 5 hours ago | parent | prev [-] | | Is this the part everyone's telling me about where fascists are deeply incompetent? | | |
| ▲ | wmf 5 hours ago | parent | next [-] | | It's not political. Most government contractors are barely competent and computer security is hard. | |
| ▲ | arjie 5 hours ago | parent | prev | next [-] | | I doubt the present administration is particularly competent at bureaucracy but this theft occurred in Oct 2024 while the Biden administration was in charge. To be honest, Trevor Milton's pardon after donating a few million to Trump's campaign mean that any sum of money over $2m in government contractor hands is probably at risk. With a $2m price on pardons, it's just a question of mechanizing the machine. Or, as Trump might say, "Bring back the autopen!" | |
| ▲ | keyle 3 hours ago | parent | prev [-] | | Fascism is a lack of emotional intelligence, which is basic intelligence. Empathy and compassion are a form of basic intelligence. |
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| ▲ | ortusdux 7 hours ago | parent | prev [-] | | https://bitcoinmagazine.com/news/us-investigating-40-million... | | |
| ▲ | FatalLogic 6 hours ago | parent [-] | | This would be a much better link for this post There's a lot more detail, and delivered in more professional way | | |
| ▲ | altairprime 5 hours ago | parent [-] | | If you email the mods about this (and link to your comment), they might well agree and update the post link. |
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| ▲ | cj 4 hours ago | parent | prev | next [-] |
| Tangent: what does the govt do with seized crypto? Does it eventually get liquidated? |
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| ▲ | wmf 4 hours ago | parent [-] | | They used to auction it but I think now they are holding it in a "strategic reserve". |
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| ▲ | tcfunk 3 hours ago | parent | prev | next [-] |
| Slightly tangential question but what’s with govt seized crypto assets? I had a bit of Litecoin a while back and went to check my wallet one day to find an FBI landing page instead. Is that just theirs now? Feels a bit like the gov seized control of my savings account. |
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| ▲ | collingreen 2 hours ago | parent [-] | | Same - lost 500 LTC and 5ish BTC to fbi raid of an exchange back when BTC was ~$12. Sure would love to get that back at current prices! |
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| ▲ | paulpauper 6 hours ago | parent | prev | next [-] |
| It appears the feds were so incompetent they didn't realize the theft had occurred until AFTER Zach's post went viral, and even then, nothing may happen. And to think, had Lick done nothing he likely would have gotten away with it. Perfect crime undone by ego. |
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| ▲ | misiti3780 4 hours ago | parent | prev | next [-] |
| Is the accusation the dad stole the crypto, or the dad AND the son stole the crypto ? |
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| ▲ | geor9e 3 hours ago | parent | next [-] | | The headline is that the son stole the crypto. Maybe your sarcasm went over my head, and you're just saying that the dad is definitely involved too. In which case, probably. | | |
| ▲ | misiti3780 3 hours ago | parent [-] | | i wasnt be sarcastic, it seems so easy to prove i cant believe the kid needed to DOX himself. the US Government puts his dad in charge of shitload of crypto and his son starts live streaming himself buying expensive watches - seems like a slam dunk to me |
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| ▲ | wmf 4 hours ago | parent | prev [-] | | It's not clear. |
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| ▲ | Mistletoe 5 hours ago | parent | prev | next [-] |
| There’s another crypto thief that is the son of the head government official… |
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| ▲ | gmuslera 7 hours ago | parent | prev [-] |
| There's no honor among thieves. |
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| ▲ | cucumber3732842 7 hours ago | parent [-] | | This isn't a "honor among thieves" thing. This is a "getting one over on someone you don't like because there's no consequences" thing. This is a petty dispute. I'm not gonna go put a bullet in someone who over a petty dispute like this. Nobody is, not even thieves and other people who live outside the law. That's just absurd. Someone who I've wronged in doing so (i.e. someone who likes them) might put one back in me. Or there might be other consequences. People let those things go because it's just not worth it vs the risk of consequences. But say I can do something that will cause the government to go after someone for me at no risk to myself... That's basically what happened here. This is basically an attempted (we'll see if it succeeds) DDOS reflection attack but with government. |
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